2548 El Molino Avenue 2548 El Molino Avenue Altadena, California 91001 United States
2548 El Molino Avenue Altadena, California 91001 United States
$4,350,000
الحصول على إرشادات الطريق
2548 El Molino Avenue is a 10-unit asset located in Altadena, California. Current ownership has spent over $400,000 to thoughtfully restore the asset, with $170,000 alone spent on electrical and plumbing ugrades and a new roof. New ownership can...
- .3629 فدادين
- Exterior
- Residential Income
- نوع العقار
- 1924
- Year Built
- PW23179293
- Web Id
- PW23179293
- MLS ID
- 212
- days ago
نبذة عن 2548 El Molino Avenue
2548 El Molino Avenue is a 10-unit asset located in Altadena, California. Current ownership has spent over $400,000 to thoughtfully restore the asset, with $170,000 alone spent on electrical and plumbing ugrades and a new roof. New ownership can take advantage of current ownership's interior remodels and recognize 20% upside on current rents. The property is comprised of (2) 2BD/1BA units, (6) 1BD/1BA + Den units, and (2) 1BD/1BA units. Current ownership has implemented resident utility billing (RUBS) across all units, allowing the asset to operate at a sub 30% expense ratio. The property is Mills Act eligible, which would allow new ownership to further drive down operating expenses*. An existing storage space provides current income, and also has the potential to be converted into two (2) ADUs for additional rental revenue of approximately $84,000 annually. 2548 El Molino Avenue offers an assumable loan of $1,631,000 at 5.25% with 5 years of interest only payments remaining.
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- موقف سيارات
- كراج
PROPERTY INFORMATION
- Community Info
- Mountainous
- Garage Info
- 4
- Sewer
- PublicSewer
- Water
- Public
EXTERIOR
- Lot Description
- Item610UnitsAcre
ADDITIONAL INFORMATION
- Number of Units
- 10
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916